Ryze - Business Networking Get a Coderbuddy developer now
www.coderbuddy.com

"I Highly Recommend Them" - Magnitude.io CEO; US timezone; affordable rates; Silicon Valley leadership
Get your software built!
Buy Ethereum and Bitcoin
Get started with Cryptocurrency investing
Home Invite Friends Networks Friends classifieds
Home

Apply for Membership

About Ryze


Small Business Think Tank [This Network is not currently active and cannot accept new posts] | | Topics
AIG OutrageViews: 163
Apr 08, 2009 2:28 am re: re: re: re: : re: AIG Outrage

Kurt Schweitzer
"Think of how many lives or jobs and homes that bonus money could save and then tell me it's ok."

As I understand it, the AIG bonus money adds up to somewhere in the neighborhood of $165 million. (That's Million, with an 'M', not Billion with a 'B'.)

According to the U.S. Census Bureau the poverty threshold for a single individual under age 65 was $11,201 in 2008. A little math says that the bonus payments are equivalent to 14,730 people at the poverty level.

The bonuses were being distributed to 168 people according to a CBS report, so those people are receiving a little less than $1 million each on average. That same report puts the largest payment at around $4 million.

According to a CNN report there were 2.6 million jobs lost in the U.S. in 2008. The bonus money would result in a poverty level income to 1/2 of one percent of them.

A rational analysis of the AIG bonus money shows that, big as it is in dollar terms, it is insignificant when compared to the economic situation.

Yes, I'd like to have $165 million, or even $1 million. It would help my life immensely, but in terms of the country as a whole it is NOTHING!

Get over it!

Kurt Schweitzer
Urban Village Scooters

Private Reply to Kurt Schweitzer (new win)





Ryze Admin - Support   |   About Ryze



Ryze Android preview app

Testing Gets Real: blog on A/B testing, building businesses with feedback loops, by Adrian Scott

© Ryze Limited. Ryze is a trademark of Ryze Limited.  Terms of Service, including the Privacy Policy